Defining the optimal length of the warranty period in a new warranty policy with constraints
Keywords:
Optimal length, Warranty policies, Linear pro rata warranty, Burn-in testAbstract
The main goal of this research is to provide an optimal warranty length under the constraints and using linear pro rata warranty. For this purpose, a coherent system consisting of parts that are connected in parallel is considered. For the said system, limitations such as the number of parts, available space, and minimum reliability are considered. Finally, the average and total cost functions were calculated during the initial performance test and warranty periods. Using a numerical example, graphs of total and average cost function and optimal length of warranty were explained.
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References
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